TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
TikTok

ByteDance investors said to value TikTok at US$50 billion in takeover bid

  • It is unclear whether Zhang Yiming, founder and chief executive of ByteDance, will be satisfied with the offer
  • TikTok faces the prospect of US intervention after President Donald Trump and other administration officials said they were considering banning the app

TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
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